Range Hood Market Size By Product (Under Cabinet, Wall Mount, Ceiling Mount), By Application (Residential, Commercial [Hotels, Restaurants, Cafes]), By Distribution Channel (Direct Selling, E-commerce), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Industry Trends

Range Hood Market size exceeded USD 8 billion in 2019 and is projected to grow at a CAGR of 3.5% from 2020 to 2026. The growing adoption of range hoods to get rid of smoke & odor and keep kitchens clean is anticipated to support market growth.
 

The availability of variety of range hoods for different kitchen set ups is likely to augment the market demand. Manufacturers are providing extensive product range with several color combinations to match modern kitchen interiors in commercial and residential settings. The upgrading of existing products with additional features and strategic new product launches by industry players are propelling the market outlook.
 

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Ongoing research and advancements in IoT technology and Artificial Intelligence are disrupting the market trends. Industry players are leveraging this proliferating market trend to introduce new models of range hoods with advanced remote control and monitoring capabilities. IoT technology enables users to connect their hoods with other smart kitchen appliances, providing enhanced operability and convenience of use.
 

The high initial cost of range hood systems is restricting their use in household and commercial applications. Industry challenges also include reconstruction work in exiting spaces and requirement of technical expertise for initial installation of these systems. Furthermore, the high maintenance cost of these systems will hamper the market statistics. These systems are required to be cleaned professionally to ensure there is no build-up of grease and particles inside. For ducted hoods, charcoal filters need to be replaced regularly.
 

The ongoing COVID-19 health crisis is adversely impacting the global range hood market. Manufacturers of kitchen appliances, such as range hood systems, refrigerators, and ovens, have suspended their production to comply with stringent government regulations. Restrictions on international trade have led to a severe shortage of raw materials required to manufacture range hoods and chimneys.
 

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Increasing demand for space-saving wall-mounted hoods

The wall mount product segment is anticipated to expand at over 3.5% CAGR through 2026. The ability of these range hoods to be installed on kitchen walls without consuming any additional space in kitchen cabinets is augmenting their market revenue. These systems assist in getting rid of smoke and lingering smell completely as they are installed directly above the cooking range in commercial and residential kitchens.
 

Market leaders are introducing new models of wall mount range hoods in various sizes and shapes to cater to the growing demand. For instance, in January 2019, Elica launched its new Varna Black Vent Hood with enhanced aesthetic appeal and black stainless steel finish. The system includes multifunctional and intuitive electronic touch controls that enhance user convenience. The hood is integrated with advanced HUSH Sound Suppression System that ensures low noise and provides a quiet working environment in the kitchen.
 

Installation of high capacity range hoods in commercial kitchens to propel market revenue

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The commercial application segment held around 55% of range hood market share in 2019. Emergence of several new restaurants and hotels is providing new opportunities for the market revenue.
 

Positive outlook of global food service industry is expected to increase the adoption of kitchen hoods in restaurants. The increasing trend of consuming fast food among the youth has led to the emergence of several quick service restaurants. According to the market data provided by the International Hotels & Restaurants Association (IHRA), in 2019, the restaurant industry sales was approximately USD 600 billion in China.
 

E-commerce distribution channel supporting the industry growth

The e-commerce distribution channel segment is anticipated to reach USD 1 billion revenue by 2026. The e-commerce channel allows customers to purchase products from online websites at discounted prices due to the availability of several brands. The increasing demand for instant access to information on products, continence in selection, and easy comparison between two products are boosting the online market for range hood systems.
 

Increasing consumer disposable income driving the North American market

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The North America range hood market crossed USD 650 million in 2019 and is estimated to experience 3% growth rate during 2020 to 2026. The rising per capita household income coupled with high inclination toward home renovation is positively influencing the regional market statistics. Consumers are investing in advanced kitchen hoods to maintain cleanliness and ventilation in kitchens.
 

Market leaders focusing on strategic new product launches for business expansion

Companies operating in the range hood market are investing significant amounts in R&D & innovation to design new products and will capture a large industry share until 2026. Manufacturers are launching new products with enhanced features to cater to customer demands. For instance, in January 2019, Faber S.p.A launched a new kitchen hood for the North American market. The launch aided the company to increase its product penetration in the North American market. Range hood manufacturers are also focusing on expansion of their dealer network in Asia Pacific and Latin America.
 

Key market players include Elica S.p.A., BSH Group, Faber S.p.A., Ningbo Fotile Kitchenware, Kobe Range Hoods, Panasonic Corporation, Zephyr, Samsung, Whirlpool, Miele, and Broan, Inc.
 

The market research report on range hood includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in units from 2020 to 2026 for the following segments:

Market, By Product

• Under cabinet
• Wall mount
• Ceiling mount
• Others

Market, By Application

• Residential
• Commercial
  • Hotels
  • Restaurants
  • Cafes

Market, By Application

• Direct selling
• E-commerce
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Brazil
  • Mexico
• MEA
  • Saudi Arabia
  • UAE
  • South Africa